The cost of homecare services are significantly lower in comparison with assisted living or nursing home care. The average home care services run about 1/3 the cost of an Assisted Living Facility and less than ¼ of what the skilled facility would cost.
Few individuals with Alzheimer’s disease or other dementia and their families can afford to pay for skilled nursing facilities or assisted living facility services for as long as the services are needed. Homecare services are the most affordable long-term care solution.
In 2008 the average cost of these Alzheimer’s/Dementia care services were:
Assisted living facility:
In 2008, the average cost for basic services in an assisted living facility was $100 a day, $3,031 a month, or $36,372 a year.
In 2008 Fifty-two percent of assisted living facilities provided specialized Alzheimer’s and other dementia care and charged an average of $138 a day, $4,267 a month, or $51,204 a year for memory care.
Nursing home/Skilled Nursing Facility:
In 2008, the average cost for a private room in a nursing home was $212 a day, or $77,380 a year. The average cost of a semi-private room in a nursing home was $191 a day, or $69,715 a year.
Alzheimer’s special care units:
In 2008 the average cost for a private room was $219 a day, or $79,935 a year, and the average cost for a semiprivate room was $198 a day, or $72,270 a year.
Medicaid is the only federal program that will cover the long nursing home stays that most people with dementia require in the late stages of their illness, but Medicaid requires beneficiaries to be low income to receive coverage. Private long-term care insurance is only an option for those healthy and wealthy enough to purchase policies before developing dementia.
2009 MetLife Market Survey of Nursing Home, Assisted Living, Alzheimer’s Unit/Memory Care Unit.
Genworth 2009 Cost and Care survey
2009 Alzheimer Disease Fact and Figures
As the elderly are faced with mounting home care costs and idle economy, Abcor’s goal is to provide the best homecare service at marketable prices.
Abcor Home Health, Inc. has implemented several strategies in an effort to reduce or maintain competitive pricing.
Abcor's rigorous hiring process assures only qualified caregivers are hired, and then provided with advanced training.
Abcor continuous education program for caregivers is designed to reduce errors and increase efficiency. Constant monitoring and evaluation of the agency’s caregivers assures all issues, if any, are being addressed.
Abcor aims to keep employee turnover ratio low, and does not contract out outside field staff, which further helps reduce care costs.
Abcor's strategies are designed with 3 Cs in mind: Cost, Care, Control.
The agency wants clients and their families to feel comfortable with the services they are receiving.